The Federal Minister reiterated the Prime Minister’s commitment to privatizing State-Owned Enterprises (SOEs), which has sparked interest from local and foreign investors in the case of Pakistan International Airlines (PIA).

Faisal Sheikh

ISLAMABAD, MAY 27 /DNA/ – Ambassador of the United States of America to Pakistan H.E. Donald Blome called on Minister for Finance & Revenue Senator Muhammad Aurangzeb at the Finance Division today.

Finance Minister Muhammad Aurangzeb welcomed Ambassador Blome and underscored the long-term mutual relations between Pakistan and the USA. He informed the Ambassador about  successful completion of the Stand-By Arrangement (SBA) and that the Government of Pakistan is engaged with the fund to build upon the reforms under the SBA.

Senator Mr. Muhammad Aurangzeb highlighted the priority reform areas of the Government including increasing the tax-to-GDP ratio through end-to-end digitization, bringing the under-taxed sectors into the tax net, and tax administrative reforms.

The Federal Minister reiterated the Prime Minister’s commitment to privatizing State-Owned Enterprises (SOEs), which has sparked interest from local and foreign investors in the case of Pakistan International Airlines (PIA). On the energy sector reforms, he mentioned steps being taken to bring private sector experts to enhance efficiency. He also apprised the Ambassador of the potential investments from investors in the Agriculture, Mining, and IT sectors.

Ambassador Mr. Blome appreciated the Pakistani government’s efforts and initiatives to improve macroeconomic indicators. He assured the support of the United States in helping Pakistan achieve economic stability and sustainable growth.